The rising prices of raw materials did not hinder Masterplast's momentum.
The focus of the discussion with Masterplast CEO Tibor Dávid was on the company’s dynamic growth and improving results in the second quarter. The tensions in the Middle East led to rising raw material prices, which also affected the construction materials market. The discussion also touched upon the ongoing growth of the Hungarian economy and the factors driving and limiting it.
At Masterplast, the dynamic growth continued in the second quarter, while profitability improved significantly, as discussed with CEO and Chairman Tibor Dávid in the Checklist on Thursday (starting at 4:51 PM). However, tensions in the Middle East caused a significant increase in raw material prices, which affected the entire market, including the operations of the largest Hungarian-owned construction materials manufacturer. The Hungarian economy continued to grow in the second quarter, but at a slower pace than expected. The latest data from the KSH confirms that the long period of stagnation is over, but also that the economy is not yet experiencing strong growth. What is driving the growth now? What is preventing faster expansion? And will the current performance be sufficient in the second half of the year? We asked Madár István, a leading analyst at Portfolio, about this in the first part of our program.
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